Information collected from media reports over the last month:
- Pharmaceutical: Mexican drug maker Chinoin invested US$12 million to boost production capacity at its plant in the central state of Aguascalientes, the company reported. Upgrades included acquisition of latest-generation laboratory testing equipment and construction of a new specialized building for the facility’s microbiology laboratory. (Reforma, July 28, 2017)
- Automotive: U.S. auto maker Ford reported plans to invest approximately US$56 million to remodel its network of sales distributorships in Mexico. Upgrades for the 127 sales locations include WiFi, community centers and areas for viewing new models of sports cars. (El Financiero, July 28, 2017)
- Wind power: Danish wind turbine maker Vestas, in conjunction with U.S. turbine blade producer TPI Composites, announced plans to construct a blade manufacturing plant in the northeastern state of Tamaulipas. The amount of investment was not specified for the plant, which is expected to produce blades for the V136 model turbine. (Reforma, July 20, 2017)
- Automotive: German electronics and engineering multinational Bosch plans to open a new plant this year in the central state of Querétaro, the company reported. The US$80 million facility will produce automotive steering columns for regional OEMs such as Volkswagen, General Motors, Mazda, Honda and Toyota. (El Financiero, July 11, 2017)
- Fuel storage: IEnova, the Mexican subsidiary of U.S. natural gas utility Sempra Energy, was awarded a concession to construct a fuel storage facility in the Gulf port city of Veracruz. The US$115 million site is planned to handle gasoline, diesel and aviation fuel. (El Financiero, July 13, 2017) Continue reading Recent and upcoming investment in Mexico
Information collected from media reports over the past month:
- Food processing: Mexican beverage bottler Arca Continental reported plans to invest approximately US$210 million in Mexico operations during the current year. Areas earmarked for upgrades include new chilling equipment, production lines, transport equipment and information technologies. (El Financiero, April 28, 2017)
- Solar power: The government of the western state of Jalisco initiated construction of a solar energy generation facility in conjunction with Mexican electrical engineering company Fortius Electromecánica, the state government reported. The projected 8 Mw capacity site will require an estimated US$22 million including a planned future expansion. (Manufactura, April 26, 2017)
- Paper: Chilean-owned personal care tissue maker Absormex reported plans to invest US$25 million to expand Mexico manufacturing operations this year. Absormex products include bathroom tissue, diapers and sanitary napkins. (Reforma, April 25, 2017)
- Gas stations: Mexican fuel retailer Natgas is projecting it will open 32 new vehicular natural gas fueling stations by 2021. The cost of the expansion was not specified for the plans, which are intended to provide service to high volume users such as taxis, municipal transport systems and vehicle fleets in the country’s central Bajío region. (El Financiero, April 20. 2017)
- Fuel transport: Mexican construction company Grupo Mexicano de Desarrollo (GMD) plans investment of US$50 million to expand its fuel transport and storage operations, the company reported. Projects are expected to include the construction of pipelines and storage tanks to support liquid fuel handling at port locations. (April 20, 2017) Continue reading Recent and upcoming investment in Mexico
Reports on some recent and upcoming investment collected from the local business media:
- Plastics: The Manufacturing Industry Chamber of Nuevo Leon (Caintra) announced an initial US$1 million investment to build the Mexican Institute for Technological Innovation in Plastic and Rubber in the Monterrey area.
- Electronics: IBM formally inaugurated new manufacturing installations in Jalisco developed at an estimated cost of US$20 million. The facilities are intended specifically for the production of IBM’s high-end XIV Storage Systems for export to the United States, Europe and other areas.
- Toys: Spanish toy manufacturer and retailer Imaginarium announced ambitious plans to expand operations in Mexico with an initial investment of US$1.6 million. The company plans to open over 40 new retail locations in the country by 2013, in addition to potentially manufacturing in Mexico.
- Retail: Despite underwhelming economic recovery, Mexico’s top retailer Wal-Mart de Mexico announced plans to invest over US$900 million this year. The plans include the opening of 300 new locations across the company’s various retail formats and the remodeling of existing stores.
- Mining: Canadian mining company First MajesticSilver Corp. opened a mineral processing plant in the northern state of Coahuila in late 2009. The US$22 million plant will produce gold and silver. Continue reading Recent and upcoming investment